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Germany suppressed wages (yes, Hartz, I'm looking at you). Wage suppression, being the retarded brother of protectionism, causes current accounts imbalances and demand-side crises like the ones we're currently in.

So yeah, it really is the Germans' fault.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Feb 12th, 2012 at 02:14:56 PM EST
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